German KFW, the Urban Institute (Washington, DC), Bankakademie International (Germany), and Jurisconsult LLC (USA) carried out feasibility study on Development of a Sustainable Market for Housing Finance in Armenia. UFSD staff organized a survey among banks and credit organizations, provided the required legislation, including English translations, set up all the meetings of the working group with Armenian Government officials and a number of Armenian organizations, banks, and credit organizations, and provided high-quality interpretation/translation services and advice.